Target (TGT) Offering Possible 21.07% Return Over the Next 27 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $117.00 short call and a strike $122.00 long call offers a potential 21.07% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $117.00 by expiration. The full premium credit of $0.87 would be kept by the premium seller. The risk of $4.13 would be incurred if the stock rose above the $122.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Target is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Target is bearish.

The RSI indicator is at 24.76 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Target

Target (TGT) Stock Sinks As Market Gains: What You Should Know
Wed, 22 Jan 2020 22:45:10 +0000
In the latest trading session, Target (TGT) closed at $113.94, marking a -0.09% move from the previous day.

The Zacks Analyst Blog Highlights: Costco Wholesale, The Buckle, Ross Stores, Target and Best Buy
Wed, 22 Jan 2020 13:25:08 +0000
The Zacks Analyst Blog Highlights: Costco Wholesale, The Buckle, Ross Stores, Target and Best Buy

Target shopper tries to shame worker — $31,000 later, it backfires in a big way
Tue, 21 Jan 2020 23:54:00 +0000
David Leavitt may be an award-winning journalist, as his Twitte bio claims, but he’s also an absolute nightmare of a customer, if his recent run-in with a Target employee is any indication.

Shipt partners with Office Depot on same-day delivery
Tue, 21 Jan 2020 20:01:05 +0000
Birmingham-based Shipt will now offer same-day delivery from Office Depot and OfficeMax – the latest in a series of new deals with retailers.

These Minnesota companies cracked Fortune's 'Most Admired Companies' list
Tue, 21 Jan 2020 18:06:12 +0000
Target Corp. and 3M Co. are among the 50 most-admired companies in the world, according to Fortune magazine's latest annual ranking.

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